I made the worst decision in venture capital history in late 2000. I was a partner at a venture firm called 212 Ventures. What? You never heard of it? We had $100 million from Investcorp, $5 million from CS First Boston, $5 milion from First Union (which became Wachovia) and $5 million from UBS. Read More
XXX in Tech
Silicon Valley venture capitalist Tom Perkins might have just written the most insulting and insensitive article of all time, and the Wall Street Journal actually published it. Set aside your breakfasts, folks, because this might literally be difficult to stomach.
Sex and the Valley
Apparently it’s not all O-faces and happy endings for sex toy companies trying to receive funding from venture capitalists. No matter how established or profitable, several (ahem) novelty toy companies recently told Forbes that they’re denied funding because VCs don’t want to be associated with a pocket vibrator.
Teach Me How to Startup
The Rosewood Hotel on Sand Hill Road, conveniently nestled near almost every important VC firm in the Valley, has long been a hotspot for wealthy VCs to meet potential mates. This is due in part to love concierge Amy Andersen, founder of the super stealth matchmaking company Linx Dating. She helped cultivate an unofficial “Cougar Night” at the hotel after setting up a meet-and-greet there for her wealthy clients in 2009.
Mark MacLeod, a partner at the Montreal-based seed fund Real Ventures, recently posted a list of venture capitalists to avoid that quickly got passed around Twitter. Don’t take money, he advised, from archetypes like “the banker,” “the name-dropper,” “the dude on 20 boards,” etc.
Those kinds of self-interested parties have been circling around the tech scene for years. But perhaps the downward turn in startup financing is bringing back the sharp elbows that didn’t serve as well in a “party round” atmosphere.
Is it possible for a networking event to jump the shark? If so, meetups may be very close.
In Adrianne Jeffries’ feature this week on start-up fever affliciting New Yorkers with a bad case of wantrepreneurship, we listed what we thought was already a high number of networking spinoffs from the original New York Tech Meetup. Dumbo Tech Breakfast, UWS Startup Meetup, and the New York Technology Bathhouse Meetup come to mind. But none of the options on that growing list meets the particular specifications of ff Venture Capital’s David Teten. He and venture partner Mike Yavonditte from Hashable are launching “a periodic Meetup for people who work in the innovation community and who are parents of pre-teen children.” Sorry, Fred Wilson, your kids are too grown.
On Business Insider, Mr. Teten writes, “We envision organizing activities that our kids, partners, and we will all jointly enjoy.”